Bank failures and rescues: Difference between revisions
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Many of the numerous bank failures that have occurred over the years have not proved harmful to their national economies. Governments have found it necessary, however, to guard against the danger of "systemic failure" resulting from a general loss of in the banking system and have, from time to time, rescued a failing bank in order to avert that danger. There have nevertheless been several instances of banking crises that have done serious damage to national economies. | |||
: ''For a detailed list of failures and rescues in their historical sequence, see the timelines subpage''. | |||
==The vulnerability of banks== | |||
==Arguments for and against bank rescue== | |||
==Failures and rescues== | |||
===Before 1929=== | |||
===The [[crash of 1929]]=== | |||
===1940 to 2008=== | |||
===The [[crash of 2008]]=== | |||
==References== | |||
<references/> | |||
Revision as of 10:12, 14 October 2008
Many of the numerous bank failures that have occurred over the years have not proved harmful to their national economies. Governments have found it necessary, however, to guard against the danger of "systemic failure" resulting from a general loss of in the banking system and have, from time to time, rescued a failing bank in order to avert that danger. There have nevertheless been several instances of banking crises that have done serious damage to national economies.
- For a detailed list of failures and rescues in their historical sequence, see the timelines subpage.